Title	DIndustrial Electricity Usage and Stock Return in Thailand
Author	Kamolmas Thatutong
Imprint	2018
Descript	48 leaves: tables

This paper examines the predictability of industrial electricity usage growth rate on the SET50 excess return. The studies find that a 1% increase in year on year industrial electricity usage growth rate predict 0.0506% lower excess return in the next 12 months with R^2 equal to 11.03%. The results This paper examines the predictability of industrial electricity usage growth rate on the SET50 excess return. The studies find that a 1% increase in year on year industrial electricity usage growth rate predict 0.0506% lower excess return in the next 12 months with R^2 equal to 11.03%. The results show strong evidence supporting the general belief that stocks premium tend to be countercyclical to the business cycle. In addition, its forecasting ability is better than those traditional predictor variables except T-Bill in 1 year excess return prediction.

LOCATION	CALL#	STATUS
Chula Business School Library : Special Project	60829016	LIB USE ONLY